IAN Invests INR 4 5 Cr In Fintech NBFC Indium Finance
Summary
The round of investment was led by IAN Lead Investors Sanjay Rishi, Raman Roy, and Manipal Group.With this freshly infused capital, the companys key focus will be on accelerating the acquisition of new customers, building the product platform to provide customized solutions, and expanding the sales and technology teams. We will enable SMEs that face difficulties accessing timely financing due to a lack of collateral or required documentation. Not only will it help us accelerate our business growth, but also build new product capabilities.Sanjay Rishi and Raman Roy, Lead Investors at IAN, said, We see Indium Finance as an exciting opportunity as the company is trying to bridge the SME finance gap by providing credit and cash management solutions to the distributor, retailer, and wholesaler segments. Vivek and Shalabh, being from the banking industry themselves, understand the lack of suitable working capital financing options. We are delighted to be associated with such a trailblazing company.Indium Finance is working with multiple corporate and B2B e-commerce partners, giving it access to 25000+ distributors, dealers, and retailers.